Mindtree to acquire 7Strata, a Remote Infrastructure Management firm

Friday, April 23rd, 2010 Posted in MandA | No Comments »

Mindtree to acquire Remote Infrastructure Management firm 7Strata (http://www.7strata.com ) for Rs 7.2 crores ( approx US $ 1.6 million) in an all cash deal. A number of firms have set ... Read more..

Recent Captive BPO/IT units sale in India

Thursday, November 5th, 2009 Posted in Uncategorized | No Comments »

UBS to Cognizant AIG to Mphasis Schneider Logistics to EXL Services Kyocera Wireless to Mindtree Read more..

Mindtree Q1 net up, cuts FY10 outlook

Monday, July 20th, 2009 Posted in Uncategorized | No Comments »

DATE: July 20th, 2009 IT firm MindTree Ltd on Monday said net profit saw a rose sharply in the first quarter helped by market-to-market gains, but cut its FY10 outlook on ... Read more..

Offshoring firms net earnings (March 2009) – Factsheet

Wednesday, May 13th, 2009 Posted in Fact Sheet | No Comments »

Net  income (US dollars in millions) # Company Mar 09 Dec 08 Mar 08 1 Accenture 411 479.9 406.5 2 TCS 263 276 316 3 Infosys 321 332 313 4 Wipro 178 185 219 5 HCL 43 76.6 85.4 6 Syntel 27.3 26.7 20.4 7 iGate 5 29.3 7.4 8 Mindtree 3.7 1.78 8.9 9 Mastek 6.7 6.45 8.1 10 Tech Mahindra 46.1 45.3 -54.7 11 Cognizant 113.1 112.3 101.9 12 Genpact 30 47.0 19.7 13 EXL 2.8 3.4 6.8 14 WNS 2.4 2.1 6.1 Note: Rupee-Dollar conversion rate based on end of quarter for those not available in dollars Accenture quarter ends Feb Read more..

Offshore vendors revenue comparison – Factsheet

Thursday, May 7th, 2009 Posted in Fact Sheet | No Comments »

Quarter Revenues (US dollars – in millions) # Company Mar 09 Dec 08 Mar 08 1 Accenture 5,270 6,000 5,610 2 TCS 1433 1483 1517 3 Infosys 1,121 1,1,71 1,142 4 Wipro 1,290 1,350 1,400 5 HCL 564.4 507 477.5 6 Syntel 96.4 104.7 98.5 7 iGate 44.8 51.5 55.6 8 Mindtree 67.9 74.6 52.1 9 Mastek 44.7 49.9 56.7 10 Tech Mahindra 212 232 257.8 11 Cognizant 745.9 $753 643 12 Genpact 265.8 282 234.6 13 EXL 41 43.7 44.4 14 WNS 132.5 134.0 115.1 Note: Rupee-Dollar conversion rate based on end of quarter for those not available in dollars Accenture quarter ends Feb Read more..

Offshore Vendor headcount – FactSheet

Tuesday, May 5th, 2009 Posted in Fact Sheet | No Comments »

Offshore Vendor Headcount (a/o end of March 2009)   # Company Mar 09 Dec 08 Mar 08 1 Accenture 181,000 187,000 178,000 2 TCS 126,150 126,613 107,698 3 Infosys 104,850 103,078 91,187 4 Wipro 97,810 96,965 95,567 5 HCL 54,026 55,018 49,802 6 Syntel 11,760 11,531 12,093 7 iGate 6,492 6,658 6,566 8 Mindtree 6,091 5,826 5,640 9 Mastek 4,023 4,243 3,999 10 Tech Mahindra 24,972 25,429 22,884 11 Cognizant 63,700 61,700 58,000 12 Genpact 36,500 36,200 34,300 13 EXL 9000 9,500 10,500 14 WNS 21,356 21,328 18,104 15 Mphasis 33,810 29,988 27,047  Note: TCS  headcount does not include subsidiaries Accenture headcount a/o end of Feb,, Nov, Feb and is the global headcount ... Read more..

Offshoring and Outsourcing headlines – May 4th

Monday, May 4th, 2009 Posted in Uncategorized | No Comments »

Headlines on TCS putting a break on their growth plans in Australia, Effect of Chrysler bankruptcy on IT vendors specially TCS, A couple of new deals and commentary on UK ... Read more..

PK Gopalakrishnan to head MindTree India – LiveMint

Monday, December 15th, 2008 Posted in Uncategorized | No Comments »

SOURCE: LiveMint DATE: Dec 17th, 2008 Mohit Soapbox: Another firm looking to 'tap' the Indian markets as the global markets continue to stay frozen. ARTICLE City-based global information technology (IT) and research and development (R&D) ... Read more..

MindTree to reshuffle senior management, business units

Thursday, November 6th, 2008 Posted in Uncategorized | No Comments »

SOURCE: EconomicTimes DATE: Nov 6th, 2008 Mohit Soapbox: Aztecsoft is an offshore product development firm. The OPD market was supposed to grow exponentially before the crisis hit the markets and we still believe ... Read more..

Capgemini To Buy KPN IT Services Unit For EUR255 Million

Friday, July 25th, 2008 Posted in Uncategorized | No Comments »

SOURCE: EasyBourse.com DATE: July 25th, 2008 ARTICLE French information-technology services company Capgemini (CAP.FR) Friday said it will pay EUR255 million for a unit of Royal KPN NV's (KKPNY) Getronics subsidiary, bolstering its position ... Read more..

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